EY and GE Digital have formed a strategic alliance to develop and provide Industrial Internet of Things (IIoT) services to help industrial companies achieve increased productivity from capital assets and processes linked in the cloud.
EY and GE Digital will develop and deliver industry-specific services based on GE’s Predixcloud-based operating system. The services can help companies reduce operating expenses and increase revenue through improved machine uptime and streamlined industrial workflows.
EY, which has been working with GE for more than 10 years, joins GE’s ecosystem of global alliance partners, which gives members access to digital tools and domain expertise from across GE. EY will provide its extensive experience in business transformation; IoT, data analytics and IT cybersecurity capabilities; and access to global resources across multiple industries.
“Within the global economy, CxOs face tough challenges: the unrelenting pressure to do more with less and optimize performance whilst controlling costs, as well as the need to innovate,” said Lionel Lamy, Associate Vice-President, Co-Lead ‒ European IoT Practice, IDC. “They must get more from their fixed assets, improve capital ROI and optimize the productivity and value of their increasingly mobile and demanding workforce. The Internet of Things helps address these issues, but as a complex and fast-moving market, partnerships must be formed to ensure a holistic, end-to-end approach. This alliance, combining GE Digital’s Industrial IoT technologies with EY’s IoT experience confirms the vital role of collaboration and strategic relationships. Bringing data analytics and cloud capabilities to co-create services to help companies use their data to realize significant gains in workflows and productivity will go a long way to address key business challenges.”